American States Water Company Announces Acquisition in Coastal California

SAN DIMAS, Calif.--(BUSINESS WIRE)--

American States Water Company AWR announced today that its wholly-owned subsidiary Golden State Water Company ("GSWC") completed the acquisition of Rural Water Company ("Rural"). GSWC acquired the water assets of Rural, which serves approximately 960 customers near the City of Arroyo Grande in the county of San Luis Obispo, California. This water system is near GSWC's other water systems in Coastal California.

"Since 1929, GSWC has proudly provided safe and reliable services to many customers in California. We are pleased to have completed this acquisition which expands our footprint and takes advantage of economies of scale in an area where we currently do business," said Robert J. Sprowls, President and CEO of American States Water Company and Golden State Water Company.

Forward-Looking Statements

Certain matters discussed in this news release with regard to the Company's expectations may be forward-looking statements that involve risks and uncertainties. The assumptions and risk factors that could cause actual results to differ materially include those described in the Company's most recent Form 10-Q and Form 10-K filed with the Securities and Exchange Commission.

About American States Water Company

American States Water Company is the parent of Golden State Water Company and American States Utility Services, Inc. Through its utility subsidiary, Golden State Water Company, AWR provides water service to approximately 260,000 customers located within 75 communities throughout 10 counties in Northern, Coastal and Southern California. The Company also distributes electricity to approximately 24,000 customers in the City of Big Bear and surrounding areas in San Bernardino County, California. Through its contracted services subsidiary, American States Utility Services, Inc., the Company provides operations, maintenance and construction management services for water and wastewater systems located on military bases throughout the country through 50-year privatization contracts with the U.S. government.

AWR has a long history of returning value to shareholders and since 1931 has paid dividends to shareholders every year, increasing the dividends received by shareholders each calendar year since 1954.

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